Bitcoin Weekly: $120,000 Sooner Than Expected (Trump Pump!)Bitcoin's weekly timeframe chart is pointing toward higher prices, immediately. Bitcoin's weekly chart shows strength; no signs of weakness.
Last week closed red with a long lower shadow. The lower shadow is a bullish signal. This week is green and also has a long lower shadow. A Doji is neutral but this neutral candle is bullish because of the trend and the action preceding it. Neutral in isolation, bullish overall.
Bitcoin is trading at new All-Time Highs while pushing higher.
$120,000 is the next target and is easy to hit.
The main support range was between 65,000 and 69,000. This is no longer the case.
Bitcoin's main support range now stands at 80,000 and 90,000. This is ultra-strong support. Bitcoin is hyper-bullish above this price range. Bitcoin is exceedingly bullish above 100K. With Bitcoin trading above 100K, everything grows. The entire Cryptocurrency market turns bullish across all sectors. The higher Bitcoin moves above 100K, the stronger the marketwide bullish bias becomes.
When Bitcoin goes sideways, this allows for further advance on the Altcoins side of the market. At this point, Bitcoin sideways is no longer needed for the Altcoins to grow. As long as Bitcoin is strong, everything grows.
Bitcoin is at its most bullish right now since October 2020.
Trading volume is still relatively low. This means that the real action is yet to start. There is plenty of room left available for additional growth.
A negative close on the week tomorrow can invalidate some of this bullishness. If Bitcoin moves and closes below the weeks open, which is 97,260, we would have a red session and conditions can change. On a strong bullish close, higher next.
The exact target for the next resistance level sits at $122,521. The "Trump Pump" will send Bitcoin beyond $200,000. This will be easy based on everything we've seen so far.
Buy the rumor, buy the facts and buy the news.
Buy the rumor, buy the news.
This will be the new saying.
➖ Altcoins Market Update
This is what I gathered by looking at hundreds of Altcoins recently. The entire market is about to move up several levels. Something like what is happening with the big projects but all across.
Let me make some examples.
Compound was trading at $40 recently and is now trading at $120. It keeps on growing. When the retrace happens, it goes as low as $85, for example, but never back to $40. And then it keeps on rising. So now it is several levels higher.
XRP was trading at $0.5000 recently and is now trading at $2.50. When it retraces, it drops a little bit but never below $1.4, just as an example (not exact numbers). This means that it is now trading several levels higher. If there is a correction, it remains high up, never to go back down to those levels we saw months ago.
Cardano is now trading above $1 and will never go back down, same with Dogecoin, Toncoin, Shiba, Bitcoin Cash, Litecoin, Avalanche, Aave, Ethereum and the rest.
Ethereum is also a great example. It is now one level up and will never go back to 2K.
This same dynamic will repeat across the entire Altcoins market.
The Altcoins market is preparing to move up 2-3 levels, some pairs even more; the entire market as a whole. It will be amazing. Something incredible. Whatever Crypto you have, you will be sitting on a goldmine... Or I should say, crypto. You will be sitting on Crypto, many times more valuable than gold.
Whatever you are holding, wait patiently... I've been looking at hundreds of charts and they all say the same; the market is about to boom, not down, a major advance everything in unison, it will be great. The last time this happened was a year ago but it was a mild-wave. This will be the strongest wave since 2021 and then we will have 1 or 2 more of these waves in 2025 if we get a standard bull-market.
If we get something beyond normal, it will be much more.
For example, I saw how XRP in 2021 remained within a lower high compared to the peak in 2017. The new wave will be not like 2021 but something many times bigger. 2021 was an anomaly. The next bull-market, this bull-market, will not be something usual. Nothing that is happening now is normal, we are seeing, experiencing, living through, witnessing something extra-ordinary. We are right in the mist of a major storm.
We are seeing the evolution of finance, the upgrade of money and change all across the world. Old systems are dying out (Pluto) new ones are showing up.
The future is now.
Adapt and change.
Nothing can stop nature. The only constant is change. It is kind of like a paradox... Everything is always changing, nothing stays the same. The only thing that is truly constant/permanent, is the fact that nothing ever stays the same.
If something is happening now, you know it is already over because everything is always changing... And this time for the better.
Bitcoin is going up.
Thank you for reading.
Namaste.
